How Solid Is Your Personal & Business Financial Position?
In my recently released The State of Dentistry®: UPDATE 2016, I provided well over a dozen different sources who agree: we’re about to experience yet another financial calamity here in the US.
It could be worse then the 2007/08 financial crash. It could be that it’s not nearly as bad. However, as credible sources continue to pile on even more data to support a 2nd recession-type economic mess in the last 10 years, I believe it’s going to be far worse.
However, you may have some time before it heats up. Many feel you have until the 1st of the year to get your financial affairs in order before a collapse. Others believe it could potentially hit before the Presidential election.
To my point here are a few recent articles that support my theory:
The Reuters article reveals several major countries that are selling bonds (to finance their government activity) are doing so at negative interest rate returns.
For example, Germany is selling 10-year bonds with yield of -0.05%.
Switzerland is selling their 42-year bonds with negative yield, too.
That means, they are betting that the economy will not grow enough to support paying an actual return to their investors/buyers of bonds.
Check this out from the Reuters article: “Ten-year yields in Germany - the euro zone's benchmark issuer - have been trading below zero percent in the secondary market for the past three weeks and hit a record low last week at around minus 0.20 percent.”
I’m not economist, but when a COUNTRY can’t afford to now or predicts it won’t be able to afford to pay a positive ROI to bond buyers in the future, they are betting on an economic calamity.
The signs are there… What will you do?
My suggestion, claim your copy of The State Of Dentistry®, now, and, take action as I’ve outlined inside the report.
Don’t wait. Your future and your family are depending on you to make wise financial decisions in the coming months. It could well mean the difference between growing your business or killing it.
Back to the article from the WSJ on the economic forecast that was released by the White House on the 15th…
"The White House now forecasts that gross domestic product will rise 1.9% this year and 2.5% in 2017, down from estimates of 2.6% for both years in its February forecast. It reduced long-run growth forecasts, for years after 2018, to 2.2% from 2.3%.
“Gross domestic product grew at a seasonally adjusted annual rate of 1.1% in the first quarter, the weakest pace in a year, due largely to a slowdown in business investment.
“Meantime, the White House reduced its forecasts of government borrowing costs, which trimmed projected budget deficits beginning next year. It now projects deficits to fall to 2.3% of GDP in 2017, from 2.6% in the February forecast, and to 1.7% in 2018, from 2.3%.
"The deficit is expected to rise to 3.3% of GDP this year, from 2.5% last year, a projection that was unchanged in Friday’s report.”
Need I say more?
Grab your copy of The State Of Dentistry®: UPDATE 2016 and take action, NOW!